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  Burger Franchise
Type: Active Restaurant
South Jersey
Selling Price: $ 150,000
Featured: Yes

More Information
Gross Revenue: 600000
Gross Revenue Comments: Are you looking for an easy to run restaurant? If so you have found it. This location is part of a national burger franchise(not 5 guys). The current owner purchased the location 2 years ago as an investor for a friend who would be the operating partner. The friend has since left and now the absentee owner wants to sell the location. Sales have been as high as 900k and are now at $600k. There is a full time manager in place as well as full staff. A working owner that would replace the manage should make $70k to $90K their first year. The location is in a great shopping center in an upscale area. There is plenty of seating inside as well as 30 seats outside. The seller will provide up to 40% financing to a qualified buyer. A potential owner could also terminate the franchise agreement and convert the location to a new concept.
Inventory: 5000
Cash Flow Comments: current owner is 100% absentee and lives over 50 miles away. He has done no marketing or advertising to grow the business.
FF&E: 50000
Seller Financing: maybe up to 40%
Year Established: 2013
Employees: 10
Franchise: yes
Facilities: Located in an end cap in a busy life style center. Space is over 2900 sq. ft plus outdoor seating.Seating for over 90 people inside and 30 outside. All equipment is in excellent condition. Full POS system in place.
Reason for Selling: Partnership issues

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